For immediate release
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NEW YORK, March 3, 2020—The 2020 edition of A Firm Foundation: How Insurance Supports the Economy is now available online and free of charge.
“The U.S.’s insurers provide financial security and peace of mind to millions of Americans while also being one of the U.S. economy’s most significant employers, investors, and taxpayers. On top of everything else, insurers allocate more than half a billion dollars annually to charitable causes,” said Sean Kevelighan, CEO, Triple-I. “Insurance is the lifeblood of any developed economy, as it enables individuals, businesses and even governments to transfer risk to further invest and grow. Simply put, without insurance, an economy cannot develop in a sustainable manner.”
The latest edition of A Firm Foundation: How Insurance Supports the Economy contains charts and tables highlighting how insurers help communities recover financially from natural disasters and boost local economies by investing in municipal bond markets. In addition, the report delivers a snapshot of the industry’s economic impact in every U.S. state.
Property/casualty (P/C) insurers offer auto, homeowners, and commercial insurance whereas the life/annuity sector includes the sellers of life insurance and annuities products.
A Firm Foundation is updated continuously by the Triple-I as new data becomes available.
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500; www.iii.org